Simt High Correlations

Mutual Funds . USA . 
Fund . Simt High Yield
SIYYX Fund  USD 5.37  0.01  0.19%   
The current 90-days correlation between Simt High Yield and Artisan High Income is 0.85 (i.e., Very poor diversification). The correlation of Simt High is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Simt High Correlation With Market

Very weak diversification

The correlation between Simt High Yield and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simt High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simt High Yield. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Simt Mutual Fund

  0.61SAAAX Simt Multi AssetPairCorr
  0.66SRWAX Saat Market GrowthPairCorr
  0.72SSCGX Simt Small CapPairCorr
  0.74SSEAX Siit Screened WorldPairCorr
  0.65SSGAX Saat Aggressive StrategyPairCorr
  0.65SASDX Saat Aggressive StrategyPairCorr
  0.71SSMAX Siit Small MidPairCorr
  0.97TFCAX Tax Free ConservativePairCorr
  0.97TFCYX Tax Free ConservativePairCorr
  0.63SSPIX Simt Sp 500PairCorr
  0.67SSTDX Saat Servative StrategyPairCorr
  0.97SBDAX Stet California MunicipalPairCorr
  0.62STDAX Saat Defensive StrategyPairCorr
  0.99ENIAX Siit Opportunistic IncomePairCorr
  0.97STLYX Simt Tax ManagedPairCorr
  0.94STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.92STVYX Simt Tax ManagedPairCorr
  0.7SCFYX Simt E FixedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.99SCLAX Simt Multi AssetPairCorr
  0.67CFVAX Catholic Values FixedPairCorr
  0.7SCOAX Siit E FixedPairCorr
  0.67CFVYX Catholic Values FixedPairCorr
  0.97SCPAX Siit Large CapPairCorr
  0.67SCXIX Sei Insti MgdPairCorr
  0.97SCYYX Stet California MunicipalPairCorr
  0.98SUMAX Stet Short DurationPairCorr
  0.7SUSYX Simt Managed VolatilityPairCorr
  0.72SUSAX Siit Ultra ShortPairCorr
  0.88SDGFX Sdit Short DurationPairCorr
  0.7SDLAX Siit Dynamic AssetPairCorr
  0.97SVAYX Simt Large CapPairCorr
  0.62SDYAX Simt Dynamic AssetPairCorr
  0.7SVOAX Simt Managed VolatilityPairCorr
  0.97SDYYX Simt Dynamic AssetPairCorr
  0.98SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Simt Mutual Fund performing well and Simt High Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Simt High's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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